Japan’s Rise and Fall... And Rise Again?

Comments · 3.2K

• EC

  @EconomicsExplained · 2 years ago · pinned

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• IN

  @IndependenceCityMotoring · 2 years ago (edited)

  My take as a CPA (background in economics): everyone is hyper-obsessed with Japan&apos;s plateaued growth, without realizing that they enjoy a very high standard of living, very high per-capita GDP, and much lower inflation than other countries. And really, growth for growth&apos;s sake is not really that important once you&apos;ve achieved the upper echelon of economic performance.

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• FR

  @Frisbieinstein · 2 years ago

  I lived in Japan. &nbsp;Their goal isn&apos;t growth, it&apos;s a stable society that benefits all.

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• WA

  @walfredoDG · 2 years ago

  I’m Italian and I think Italy is not that far as a comparison:<br><br>We have had an economic boom in the 80s, then flatlined. Today, even if our economy is surely not regarded as a strong one and our GDP is pretty low , our standards of life is above average…<br><br>No one ends up homeless. Yeah, we complain about salary but we all go for our little “aperitivo” in the evening. During summer no one is in the city but everyone is on a beach , lake or mountain. If rather be a poor in Italy than a lower-middle class in the US

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• SU

  @sunkuu · 2 years ago

  The zoning in Tokyo is really fascinating. Just walking around it feels so alive and integrated. Even in residential areas you’ll find shops, and in busy areas you’ll find quiet residential houses. I personally love the atmosphere and convenience of Tokyo.

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• EZ

  @EzekeilMaxwell · 2 years ago

  &quot;Japan is the country that has been living in the year 2000 since the 1970&apos;s&quot; holy...... this is the best quote to describe a country

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• ZW

  @zwwzzz · 2 years ago

  I am now living in Japan lived in Western Europe. As the statistics says, the salary in Europe was higher but didn’t feel a rich country as a citizen. Increase of living costs, high crime rate, e.t.c. <br>On the other hand, except for the salary, living in Japan is like a being in a real home. Delicious and cheap food, reliable public order, low unemployment .<br>It’s true that Japan is struggling with problems though, this nation is still a powerhouse and has a potential to regrow.

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• LA

  @languist · 2 years ago

  Japan indeed had a rough start in 2024. I wish all the best upon those who have been affected by the earthquake and aircraft accident.

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• SE

  @seasong7655 · 2 years ago

  I think we also have to understand the shortcomings of GDP. It can be made to look larger just by just starting a lot of construction projects, or even taking on debt. It really is not saying a lot about how efficient the economy is operating.

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• DD

  @DD-sr9xm · 2 years ago

  For those of us who have spent a lot of time in Japan know that despite the worrying data, that looks bad by traditional western standards, Japan is an amazing place. High standard of living, excellent infrastructure, great education system, a vibrant culture, etc. Sure there are elements of the culture that look onerous and inhumane - the long work hours, the smaller housing accommodation, the extreme pressure on students - but that’s a relative measure. For example people from Singapore have some of those same aspects but see both the work hours and pressure on students as virtues.

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• HU

  @huleboermannhule44 · 2 years ago

  As a norwegiam who has lived in Japan, there are many good points here. While the slow growth of the economy might look bad on economic figures, it does not matter much to most people in Japan as they are already living quite well and most goods they consume are produced locally. I think many other countries should look to Japan as a way to live with low growth, but still high quality of life. <br><br>Things like smaller homes might look worse on paper, but Japanese homes are very well built to use to space availible, and it is so cheap to eat out that almost all social gatherings happens outside the home. <br>That was a big differnce coming from western Europe, where workers are paid so well that it does not make economic sense to have very cheap food, but Japan can handle that without larger issues. <br>The work culture in Japan is also changing as alot of the extra hours were not value generating, but part of a culture of staying at work for long, even if you finished all your tasks.

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• TI

  @TimeBucks · 2 years ago

  Excellent explanation of real estate

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